Loan Description:
Business owner is seeking a $100,000 business purpose 2nd Trust Deed cash out loan on this owner-occupied SFR in “Sun Hill Estates” on a cul-de-sac with and Angeles National golf course views in Sunland, Los Angeles County, CA. The borrower will be using the loan proceeds for working capital for borrower’s construction company.
The borrower’s 1st mortgage is current with Bank of America and has a balance of $592,169 with a fixed interest rate of 3.875% maturing in February 2037. The total monthly principal interest payment including taxes and Insurance is $2,920.
Property Description:
The subject property is a one story, ranch styled, single-family residence located in Sunland, Los Angeles County, California. The home is situated on an approximately 14,009 SF lot within an established residential neighborhood. The property benefits from rolling topography and expansive mountain and golf course views.
The SFR contains 1,507 square feet of gross living area, featuring four bedrooms, two bathrooms, and a total of seven rooms. Amenities include central heating and air conditioning, a tankless water heater, leased solar panels, a two-car attached garage, a covered patio, an in-ground swimming pool, a fireplace, and an outdoor barbecue area. Overall, the property is considered well maintained and competitive within its market, with strong contributory value derived from its lot size, views, and outdoor amenities. The subject is near the 210 FWY, golf courses, parks, schools, restaurants and shopping areas.
What we like about this Trust Deed opportunity:
- Good condition SFR with golf course and mountain views
- Low 3.875% Fixed 1st Mortgage
- 6 months Prepaid Interest
- 6 months Guaranteed Interest
